The NZD/USD pair continues to defy gravity, and has broken to new highs yet again. However, a trader can’t help but feel that this rally is way overextended, and that a significant pullback could be coming. If you are not involved, this is a pair best left alone – as Murphy’s Law dictates you will buy it at the highs if you try to now. Look for large pullbacks in order to buy. Shorting is way too dangerous.
Originally posted here
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